Hennessy Capital Investment Corp. VI Announces Stockholder Approval of Extension of Deadline to Complete Business Combination
Hennessy Capital Investment Corp. VI (NASDAQ: HCVI) announced that its stockholders approved an amendment to extend the deadline for completing an initial business combination. The new deadline is March 31, 2025, extended from September 30, 2024. The board of directors can further extend this deadline up to three times, one month each, until June 30, 2025. Stockholders also approved removing the limitation on redeeming public shares that would result in net tangible assets falling below $5 million. Daniel Hennessy, Chairman and CEO, expressed satisfaction with the stockholder support, stating it allows the company to focus on completing the proposed business combination with Namib Minerals. A detailed report of voting results will be filed with the SEC on Form 8-K.
Hennessy Capital Investment Corp. VI (NASDAQ: HCVI) ha annunciato che i suoi azionisti hanno approvato una modifica per estendere la scadenza per completare una combinazione commerciale iniziale. La nuova scadenza è 31 marzo 2025, estesa dal 30 settembre 2024. Il consiglio di amministrazione può ulteriormente estendere questa scadenza fino a tre volte, un mese ciascuna, fino al 30 giugno 2025. Gli azionisti hanno anche approvato la rimozione della limitazione sul rimborso delle azioni pubbliche che comporterebbe una riduzione delle attività tangibili nette al di sotto dei 5 milioni di dollari. Daniel Hennessy, Presidente e CEO, ha espresso soddisfazione per il supporto degli azionisti, affermando che ciò consente alla società di concentrarsi sul completamento della combinazione commerciale proposta con Namib Minerals. Un rapporto dettagliato sui risultati di voto sarà presentato alla SEC nel modulo 8-K.
Hennessy Capital Investment Corp. VI (NASDAQ: HCVI) anunció que sus accionistas aprobaron una enmienda para extender el plazo para completar una combinación comercial inicial. La nueva fecha límite es el 31 de marzo de 2025, extendida desde el 30 de septiembre de 2024. La junta directiva puede extender aún más este plazo hasta tres veces, un mes cada vez, hasta el 30 de junio de 2025. Los accionistas también aprobaron la eliminación de la limitación para el reembolso de acciones públicas que resultaría en activos tangibles netos por debajo de los 5 millones de dólares. Daniel Hennessy, Presidente y CEO, expresó su satisfacción por el apoyo de los accionistas, afirmando que esto permite a la empresa concentrarse en completar la combinación comercial propuesta con Namib Minerals. Un informe detallado de los resultados de las votaciones será presentado a la SEC en el formulario 8-K.
Hennessy Capital Investment Corp. VI (NASDAQ: HCVI)는 주주들이 초기 사업 결합 완료 기한 연장을 승인했다고 발표했습니다. 새로운 기한은 2025년 3월 31일로, 2024년 9월 30일에서 연장되었습니다. 이사회의 승인을 통해 이 기한은 세 번까지, 각각 한 달씩, 2025년 6월 30일까지 더 연장될 수 있습니다. 주주들은 또한 순유형 자산이 500만 달러 이하로 떨어지게 되는 públicas 주식 환매에 대한 제한을 제거하는 것을 승인했습니다. Daniel Hennessy 회장 겸 CEO는 주주들의 지원에 대해 만족감을 표명하며, 이는 회사가 Namib Minerals와의 제안된 사업 결합 완성에 집중할 수 있게 한다고 밝혔습니다. 투표 결과에 대한 자세한 보고서는 8-K 양식으로 SEC에 제출될 예정입니다.
Hennessy Capital Investment Corp. VI (NASDAQ: HCVI) a annoncé que ses actionnaires ont approuvé un amendement pour prolonger le délai de réalisation d'une première combinaison commerciale. Le nouveau délai est le 31 mars 2025, prolongé depuis le 30 septembre 2024. Le conseil d'administration peut prolonger ce délai jusqu'à trois fois, un mois à chaque fois, jusqu'au 30 juin 2025. Les actionnaires ont également approuvé la suppression de la limitation sur le rachat d'actions publiques qui entraînerait une baisse des actifs tangibles nets en dessous de 5 millions de dollars. Daniel Hennessy, Président et CEO, a exprimé sa satisfaction quant au soutien des actionnaires, affirmant que cela permet à l'entreprise de se concentrer sur la réalisation de la combinaison commerciale proposée avec Namib Minerals. Un rapport détaillé des résultats du vote sera déposé auprès de la SEC sur le formulaire 8-K.
Hennessy Capital Investment Corp. VI (NASDAQ: HCVI) gab bekannt, dass die Aktionäre eine Änderung genehmigt haben, um die Frist für den Abschluss einer ersten Geschäftskombination zu verlängern. Die neue Frist ist der 31. März 2025, verlängert von der Frist am 30. September 2024. Der Vorstand kann diese Frist bis zu dreimal um jeweils einen Monat bis zum 30. Juni 2025 weiter verlängern. Die Aktionäre genehmigten auch die Aufhebung der Beschränkung beim Rückkauf öffentlicher Aktien, die dazu führen würde, dass die Nettosachanlagen unter 5 Millionen Dollar fallen. Daniel Hennessy, Vorsitzender und CEO, drückte seine Zufriedenheit über die Unterstützung der Aktionäre aus und erklärte, dass dies dem Unternehmen ermögliche, sich auf den Abschluss der vorgeschlagenen Geschäftskombination mit Namib Minerals zu konzentrieren. Ein detaillierter Bericht über die Abstimmungsergebnisse wird in einem Formular 8-K bei der SEC eingereicht.
- Stockholders approved extension of deadline for initial business combination
- Board given flexibility to extend deadline further if needed
- Removal of limitation on share redemption, potentially providing more financial flexibility
- Extended timeline suggests potential delays in completing business combination
- Multiple extensions may indicate challenges in finalizing deal with Namib Minerals
Insights
The stockholder approval for Hennessy Capital Investment Corp. VI to extend its deadline for completing a business combination is a neutral development for investors. While it provides more time to finalize a deal, it also indicates that the SPAC hasn't yet secured a merger target within its original timeframe.
The extension to March 31, 2025, with the option for three additional one-month extensions, gives the company flexibility but also prolongs the period of uncertainty for shareholders. The removal of the
The mention of a proposed business combination with Namib Minerals suggests progress, but without concrete details, it's premature to assess its potential impact. Investors should monitor for further announcements regarding this potential merger and any changes in redemption rates, as these factors could significantly affect the SPAC's value and future prospects.
NEW YORK, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Hennessy Capital Investment Corp. VI (NASDAQ: HCVI) (the “Company”) announced today that the Company’s stockholders voted in favor of the proposal to amend the Company’s amended and restated certificate of incorporation (“Charter”) to extend the date by which the Company must consummate an initial business combination from September 30, 2024 to March 31, 2025 (the “Extended Date”), or such earlier date as determined by the board of directors of the Company (the “Board”), and to allow the Company, without another stockholder vote, to elect, by resolution of the Board, to further extend the Extended Date to consummate an initial business combination up to three times for an additional one month each time, until up to June 30, 2025, unless the closing of an initial business combination shall have occurred prior thereto. The Company’s stockholders also voted in favor of the proposal to remove from the Charter the limitation that the Company may not redeem public shares of its common stock to the extent that such redemption would result in the Company’s failure to have net tangible assets in excess of
Daniel Hennessy, Chairman and Chief Executive Officer of the Company remarked: “We are extremely pleased with the support of stockholders who voted overwhelmingly for the extension, which allows us to continue focusing on completing the proposed business combination with Namib Minerals.”
About Hennessy Capital Investment Corp. VI
The Company is a blank check company founded by Daniel J. Hennessy and formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business, industry, sector or geographical location, it intends to focus its search on target businesses in the industrial technology sector.
Forward-Looking Statements
This press release contains statements that are forward-looking and as such are not historical facts. These forward-looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future and any other statements that are not statements of current or historical facts. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These forward-looking statements may be identified by the use of forward-looking terminology, including the words “anticipates,” “believes,” “continues,” “could,” “estimates,” “expects,” “intends,” “plans,” “may,” “might,” “plan,” “possible,” “potential,” “projects,” “predicts,” “will,” “would,” or “should,” or, in each case, their negative or other variations or comparable terminology, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and developments in the industry in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this press release, and undue reliance should not be placed on forward-looking statements. In addition, even if our results or operations, financial condition and liquidity, and developments in the industry in which we operate are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent period. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Please refer to those risk factors described under “Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K filed with the SEC on March 29, 2024, under “Risk Factors” section in the Company’s definitive proxy statement in connection with the Company’s meeting of stockholders, as filed with the SEC on September 11, 2024, and in other reports the Company files with the SEC.
Contact
Nicholas Geeza
ngeeza@hennessycapitalgroup.com
FAQ
What is the new deadline for Hennessy Capital Investment Corp. VI (HCVIU) to complete its business combination?
What changes did stockholders approve for Hennessy Capital Investment Corp. VI (HCVIU)?
Who is the proposed business combination partner for Hennessy Capital Investment Corp. VI (HCVIU)?
How many additional extensions can the board of Hennessy Capital Investment Corp. VI (HCVIU) approve?
